Bordchamps: what changed
Two financial years side by side, explained: what moved most in the balance sheet and the result, why the result rose or fell, and where the money went.
Bordchamps
Largest movements
- Tangible fixed assets -€28,312
down €28,312 (-5.0%), from €565,307 to €536,996
of which Land and buildings: -€23,277
- Cash -€6,913
down €6,913 (-22.8%), from €30,387 to €23,473
mainly Debts after one year (-€22,515) and Net result for the year (-€8,725)
- Deferred charges and accrued income -€6,619
down €6,619 (-96.2%), from €6,879 to €260
- Debts after one year -€22,515
down €22,515 (-13.3%), from €169,886 to €147,371
- Reserves -€7,624
down €7,624 (-5.8%), from €130,433 to €122,808
of which Tax-exempt reserves: -€7,624
- Gross operating margin -€5,714
down €5,714 (-15.9%), from €35,864 to €30,149
- Taxes -€1,410
down €1,410 (-40.7%), from €3,466 to €2,056
- Financial charges -€847
down €847 (-10.7%), from €7,886 to €7,039
- Other operating charges -€438
down €438 (-7.5%), from €5,832 to €5,393
From the 2024 result to the 2025 result
Each bar is the change in one income-statement line, as its effect on the result: higher costs pull it down, higher income lifts it.
Derived cash bridge
Derived from the 2024 and 2025 balance sheets and the 2025 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €602,573 | €563,129 | -€39,444 | -6.5% |
| Fixed assets | 21/28 | €565,307 | €536,996 | -€28,312 | -5.0% |
| Tangible fixed assets | 22/27 | €565,307 | €536,996 | -€28,312 | -5.0% |
| Land and buildings | 22 | €548,081 | €524,804 | -€23,277 | -4.2% |
| Plant, machinery and equipment | 23 | €17,227 | €12,191 | -€5,035 | -29.2% |
| Current assets | 29/58 | €37,265 | €26,133 | -€11,132 | -29.9% |
| Amounts receivable within one year | 40/41 | - | €2,400 | +€2,400 | |
| Other amounts receivable | 41 | - | €2,400 | +€2,400 | |
| Cash at bank and in hand | 54/58 | €30,387 | €23,473 | -€6,913 | -22.8% |
| Deferred charges and accrued income | 490/1 | €6,879 | €260 | -€6,619 | -96.2% |
| Total equity and liabilities | 10/49 | €602,573 | €563,129 | -€39,444 | -6.5% |
| Equity | 10/15 | €231,325 | €222,601 | -€8,725 | -3.8% |
| Contributions | 10/11 | €100,000 | €100,000 | = | 0.0% |
| Capital | 10 | €100,000 | €100,000 | = | 0.0% |
| Issued capital | 100 | €100,000 | €100,000 | = | 0.0% |
| Reserves | 13 | €130,433 | €122,808 | -€7,624 | -5.8% |
| Non-distributable reserves | 130/1 | €3,100 | €3,100 | = | 0.0% |
| Legal reserve | 130 | €3,100 | €3,100 | = | 0.0% |
| Tax-exempt reserves | 132 | €127,333 | €119,708 | -€7,624 | -6.0% |
| Profit (loss) carried forward | 14 | €893 | -€208 | -€1,100 | |
| Provisions and deferred taxes | 16 | €65,428 | €61,502 | -€3,926 | -6.0% |
| Deferred taxes | 168 | €65,428 | €61,502 | -€3,926 | -6.0% |
| Amounts payable | 17/49 | €305,820 | €279,026 | -€26,793 | -8.8% |
| Amounts payable after more than one year | 17 | €169,886 | €147,371 | -€22,515 | -13.3% |
| Financial debts | 170/4 | €169,886 | €147,371 | -€22,515 | -13.3% |
| Amounts payable within one year | 42/48 | €135,373 | €131,655 | -€3,718 | -2.7% |
| Current portion of amounts payable after more than one year | 42 | €21,678 | €22,515 | +€836 | +3.9% |
| Trade debts | 44 | €5,199 | €542 | -€4,657 | -89.6% |
| Suppliers | 440/4 | €5,199 | €542 | -€4,657 | -89.6% |
| Taxes, remuneration and social security | 45 | €3,466 | €3,422 | -€44 | -1.3% |
| Taxes | 450/3 | €3,466 | €3,422 | -€44 | -1.3% |
| Other amounts payable | 47/48 | €105,030 | €105,176 | +€146 | +0.1% |
| Accrued charges and deferred income | 492/3 | €560 | - | -€560 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €28,312 | €28,312 | = | 0.0% |
| Other operating charges | 640/8 | €5,832 | €5,393 | -€438 | -7.5% |
| Gross operating margin | 9900 | €35,864 | €30,149 | -€5,714 | -15.9% |
| Operating profit (loss) | 9901 | €1,720 | -€3,556 | -€5,276 | |
| Financial charges | 65/66B | €7,886 | €7,039 | -€847 | -10.7% |
| Recurring financial charges | 65 | €7,886 | €7,039 | -€847 | -10.7% |
| Profit (loss) for the period before taxes | 9903 | -€6,165 | -€10,594 | -€4,429 | -71.8% |
| Transfer from deferred taxes | 780 | €3,926 | €3,926 | = | 0.0% |
| Income taxes | 67/77 | €3,466 | €2,056 | -€1,410 | -40.7% |
| Profit (loss) for the period | 9904 | -€5,705 | -€8,725 | -€3,019 | -52.9% |
| Transfer from tax-exempt reserves | 789 | €7,624 | €7,624 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €1,919 | -€1,100 | -€3,019 |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 29 October 2026 via checked.be.